Filing Flows › Equity Lifestyle Properties (ELS) › How it makes money
How Equity Lifestyle Properties (ELS) makes money
Equity Lifestyle Properties (ELS) made $410M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 25¢ was left as operating profit, 22¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $410M | 100.0% |
| Operating profit | $101M | 24.6% |
| Income tax | $12.1M | 2.9% |
| Net earnings | $89.2M | 21.8% |
| Operating cash flow | $152M | 37.0% |
| Free cash flow | $101M | 24.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $410M | +4% |
| Q2 2026 | $398M | +6% |
| Q1 2026 | $398M | +3% |
| Q4 2025 | $374M | +0.4% |
| Q3 2025 | $393M | +2% |
| Q2 2025 | $377M | -0.8% |
| Q1 2025 | $387M | +0.2% |
From Equity Lifestyle Properties' 10-Q filed Oct 27, 2026 (on EDGAR).
Questions
How does Equity Lifestyle Properties make money?
Equity Lifestyle Properties (ELS) made $410M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 25¢ was left as operating profit, 22¢ was left as net earnings.
What is Equity Lifestyle Properties' profit margin?
Net earnings were $89.2M, 21.8% of revenue, in the third quarter 2026; the operating margin was 24.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.